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The 2021 Income Tax Filing Deadline has been Extended to May 17, 2021
The IRS and the U.S. Department of Treasury announced yesterday that the 2021 income tax filing deadline has been extended from April 15, 2021, to...
Your New Electric Vehicle is a Tax Break
Are you in the market for a new vehicle? If you jump on the electric vehicle bandwagon, you might be eligible for a sizable federal income tax...
How Your Nonprofit Can Act on 2021’s Biggest Trends
What can not-for-profit organizations expect in 2021 and beyond? One recent report, "11 Trends in Philanthropy for 2021," offers some answers....
How to Fully Deduct Business-Related Meals
Restaurants have struggled mightily during the COVID-19 pandemic. Thankfully, they’re specifically targeted for a new tax relief measure found in...
Small Business Tax Returns: Issues for PPP Loan Recipients
Small business tax returns for those who took advantage of the Payroll Protection Program (PPP) are facing a challenge for the 2020 tax year....
PPP Changes Provide Greater Access for Smallest Businesses
The Biden Administration announced changes to the Paycheck Protection Program (PPP) to increase lending to smaller businesses and help ensure...
Six Last-Minute Ideas for Your 2020 Personal Return
Goodbye, 2020. Hello, tax season. Individual taxpayers have until April 15, 2021, to pay Uncle Sam for taxes owed for 2020. (Remember, you can...
How Can Business Owners Lower Last Year’s Tax Bill?
Good news! Business taxpayers may still be able to take actions to lower their federal income tax liabilities for 2020, as well as for future years....
S Corporation Benefits and Key Considerations
When forming a business there are several options available when determining business structure. This article will focus on S corporation benefits...